In a world where thousands and thousands of startups are started in the Bay Area every year, becoming a name that everyone recognizes is no small feat. Theranos reached that summit, and it all came crashing down. The story of the fraudulent rise and precipitous fall of the company and its entrepreneur, Elizabeth Holmes, is […]
View More In Bad Blood, a pedestrian tale of heuristics and liesCategory: elizabeth holmes
Blood feud: Feds hit Theranos founder with criminal charges
Disruption comes in many forms. For Theranos founder Elizabeth Holmes, it may end up taking the form of a jail cell.
The 34-year old Stanford dropout has been charged by federal prosecutors with 11 counts alleging she defrauded her investors an…
Elizabeth Holmes reportedly steps down at Theranos after criminal indictment
Elizabeth Holmes has left her role as CEO of Theranos and has been charged with wire fraud, CNBC and others report. The company’s former president, Ramesh “Sunny” Balwani, was also indicted today by a grand jury. These criminal charges are separate from the civil ones filed in March by the SEC and already settled. There […]
View More Elizabeth Holmes reportedly steps down at Theranos after criminal indictment‘The next Steve Jobs’ charged with ‘massive fraud’
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Stanford University dropout Elizabeth Holmes was once anointed “the next Steve Jobs.”
Sadly for the now disgraced (and soon to be former) CEO of Theranos, her “one more thing” just so happens to be getting hit with charges of “massive fraud” by the Securities and Exchange Commission.
In a Wednesday press release, the SEC announced a series of charges against Holmes, Theranos, and the company’s former President Ramesh Balwani, alleging they had been running a “years-long fraud in which they exaggerated or made false statements about the company’s technology, business, and financial performance.” Read more…
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Arizona residents are getting refunds on Theranos tests
Theranos is issuing refund checks to all Arizona residents who used the company’s blood-testing services, thanks to a recent settlement by Arizona Attorney General Mark Brnovich. Between 2013 and 2016, Theranos offered testing at several locations throughout the state in a partnership with Walgreens. However, the drug store chain severed ties with Theranos in mid-2016, citing myriad… Read More